This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It acts as a key intermediate for creating complex organic molecules, especially in the pharmaceutical industry where it aids in the development of drug candidates. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in constructing biaryl compounds, which are essential in many therapeutic agents and materials science applications. Additionally, it is employed in the synthesis of advanced materials, such as organic semiconductors and polymers, due to its ability to introduce specific functional groups into molecular structures.